Sunday 20 November 2016

2.5 million income tax department sent notices to collectors

New Delhi: The big news of the moment. 2.5 million income tax collectors began to send the notice. Sending notices to people suspected of rigging. Income Tax is seeking details of the financial information. Two years have asked for a copy of the income tax returns.
The Income Tax Department has started sending notices to people who deposit large sums from the account is Notbandi. The Income Tax Department has initiated the action because so many accounts has suddenly Rs two lakh.
Notbandi the 
department began vigorously
Nov. 9, 500 thousand, after the closure of the old notes Inhkm Tax Department has started too vigorously. Notbandi since the department was monitoring the large deposit in the bank account, but now the department is going to notice such people, whose accounts are dubious transactions. The notices are given to those whose accounts since November 8 in cash deposits is more than two and a half lakh.
The notice by the department, referring to the date of the deposit and the amount collected is asked about the source of money. As evidence the documents sought. Over the past two years by the department, as well as those who are asked to submit a copy of the income tax returns.
Indeed Notbandi since many people have black money deposited in bank accounts. The IT department of the bank and post office deposits of 50 thousand and above the amount of information kept telling. The Income Tax Department has given the example of such suspicious transactions.
Cooperative Bank in Mangalore in Karnataka in a Society registered five old notes of Rs 8 crore were Bdlwaa. After which the department was alerted.

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